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20121205
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majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holding dueling press conferences, republicans and democrats traded barbs on the house floor. >> where are the president's spending cuts? the longer the white house slow- walks this process, the closer our economy gets to the fiscal cliff. >> reporter: behind the scenes, progress is being made, but democrats are still arguing they've given ground in previous budget battles. that's one reason they are holding firm on higher taxes now. >> $1.6 trillion in cuts. "where are the cuts?" they are in bills that you, mr. speaker, have voted for. >> reporter: and there were new calls for more tax revenue today. warren buffett, vanguard founder john
leader harry reid warned republicans against listening to such voices. >> you can't let these negotiations be dictated by the tea party. our guiding principle should be the views of the vast majority of the american people. the math is clear. the only way to accomplish these things is to allow the rates to go up on the top two percent of tax payers. we're not going to twist ourselves into contortions to apiece a vocal minority of the tea party. >> reporter: in turn, senate minority leader mitch mcconnell said president obama needs to ride herd on democrats if there's any hope of agreement. >> only one person in the country can deliver the members of his party to support a deal that he makes. and that's the president. there have been no deals of this magnitude made in modern times in congress and forced on a reluctant president. i would hope the president would turn off the campaign. congratulations you had a great victory. and let's get serious about dealing with this deficit and debt here at the end of the year. >> reporter: the partisan back and forth was briefly on ho
's not going to happen. >> reporter: but when majority leader harry reid took him up on the offer today, mcconnell backed down. >> what we have here is a case i told everyone that we are willing to have that vote, up or down vote, and now the gop leader objects to his own idea. >> woodruff: meantime, republicans learned today the party was losing one of their most outspoken voices on fiscal issues. two-term south carolina senator jim demint announced that he will resign in january. to become the next president of the heritage foundation-- a conservative washington think tank. in a statement, demint said, a tea party favorite, demint had blasted the house republicans' proposal to raise r earlier in the week. south carolina's other senator lindsey graham lamented the loss of his colleague and friend. >> he really did strongly and passionately advocate for his position and did it very effectively, jim made the republican party quite frankly look inward and do some self evaluation, conservatism is an asset not a liability. >> woodruff: the other side of capitol hill was largely quiet today, wit
Search Results 0 to 2 of about 3